Sports Betting Lines Explanation
There are many factors that go into the making of sports betting lines, and they should be looked at as mathematical equations with many different numbers that end up as the final sum.
The most important Sports betting line explanation is that the line is NOT based on what the odds makers THINK or PREDICT will happen, but instead it is set purely on trying to draw equal betting action on both sides of a matchup. As a result the odds makers will try and estimate the best betting line number that will attract equal action. They take into account everything from home and away perceptions, momentum, recent performance, reputation, injuries, etc.
Few factors can cause more impact on Sports betting line than injuries. Injuries to key or famous players will dramatically alter public perception. What has to be factored into the injury equation is that the line may be altered too much to the other team without the injury and the team with the injured player may often end up as the better value in the end as the odds makers will compensate for the public’s perception and overreaction.
The Los Angeles Lakers are a great example of a marquee big name team that is a worldwide brand. The Lakers attract serious betting action for any game that they play, especially at home, and despite the fact that they win the vast majority of their home games straight up they are actually below .500 against the spread at home as they are always overpriced and failure to cover the larger number on the board. Again, the odds makers know that the public salivates at taking the Lakers at home knowing that they will nearly always win without taking into account the board value and the overlay on the point spread they must make.
Vegas Betting Odds
There are many different types of Vegas betting odds as well as many different factors to take into account with those numbers. The sports betting world often begins and ends with the Vegas betting odds. You can get Vegas betting odds on anything from the Super Bowl, to who will win the Super Bowl months in advance of the game. There are countless different ways to bet on various sporting events. BetPhoenix Sportsbook is your source for the best in Vegas betting odds wagering action.
You can bet the most popular sports in the world with the Vegas betting odds including pro and college football, pro and college basketball, hockey, baseball, soccer, boxing, mixed martial arts, auto racing, tennis and golf; just to name a few.
You can bet odds, point spreads, moneylines, over / under totals, halves, countless propositions, and futures. There are parlays and teasers available for many sports as well as handicapping contests with prizes on who beats the Vegas betting odds most successfully.
One of the big myths about the Vegas odds is that they are based on predictions on what the odds makers think will happen. Nothing could be further from the truth as in fact the odds are based on the public perception of each matchup on the board. The odds makers job is to attract action equally to both sides of a game and therefore the biggest factor that goes into the odds is anticipation of what the public will think. Much like the stock market, true value is often different from actual public value whether it is up or down.
The Vegas betting odds are a complicated set of numbers that are set to keep the sportsbooks profitable and the general public enticed into equal segments of action. It is good to have your own personal line to compare to them.